3/1/2018
FKLI Jan 18
Previous Close: 1794 +9
FKLI snapped 8 consecutive sessions of gains, led by window dressing effect and stronger MYR. Global market especially Hong Kong & US continue to close at record high, signaled a bullish sentiment. However, FKLI trades at premium with KLCI, may narrow down the gap in short term.
Hourly chart's technical indicators show rebound, while candlestick closed at higher high triggered a further buy signal.
Price Level to monitor today:
Resistance : 1800
Support : 1787.5 1777
Recommend Trading Plan for the day:
1. Buy 1792 or below, stop 1787, profit 5pts or above.
2. If price retrace 1st, buy 1786 or below, stop 1779, profit 7pts or above.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.